The world is short of gas and prices have more than doubled. Most of PNG’s gas is sold under long-term deals that follow the oil price, so only part of the jump reaches PNG, and a tax rule holds the State’s share down until 2029. Papua LNG, PNG’s next gas project, is set to start selling around the time experts expect too much gas and falling prices. Key points Qatar’s outage has more than doubled Asian gas prices, to about US$25 a unit. About three-quarters of PNG LNG’s gas is sold on long-term deals tied to the oil price, so it earns far less. A tax rule holds down the State’s LNG tax take until 2029. Papua LNG could start